Monaco AML Fine AMSF: €800,000 Sanction Highlights Compliance Risks
On 8 January 2026 Monaco’s AML authority/IFU, the Autorité Monégasque de Sécurité Financière (AMSF), imposed an administrative fine of €800,000 on a Monaco CSP for serious anti‑money laundering (AML) deficiencies, citing a “severely disrupted” AML system caused by personnel issues.
This sanction — one of the largest recently issued by AMSF — underscores heightened regulatory scrutiny in Monaco following international AML reviews and intensified enforcement activity. Financial and professional services firms should note three immediate priorities:
- Ensure continuity in compliance staffing and succession planning;
- Review and test AML systems and controls, including transaction monitoring and suspicious activity reporting;
- Maintain robust governance and timely remediation records to demonstrate proactive compliance to regulators.
Legal Obligations Under Monaco AML Law
Firms operating in Monaco or servicing Monegasque clients should reassess personnel risk, documentation and oversight measures without delay to reduce exposure to similar sanctions. We strongly recommend intensifying AML training sessions and reviewing internal procedures, both of which are legal obligations under Monaco law for entities subject to AML regulations.
DL Corporate & Regulatory has extensive experience in navigating Monaco’s AML/CFT landscape. For over a decade, our legal experts have advised major banks and various entities—including Corporate Service Providers (CSPs), asset managers, law firms, and the yachting sector— to ensure full compliance with increasingly complex AML/CFT obligations.
For further information or to learn more about our AML/CFT legal services, feel free to contact us.
